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Event record

Reviewed event

Luna Foundation Guard deploys reserves during the UST collapse

Luna Foundation Guard used reserve assets during the UST crisis in an attempt to support the peg. The intervention did not restore UST as a functioning stablecoin.

Date
2022-05-09
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
1 source
1 evidence relation

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinTerraUSDOrganizationTerraform Labs

Sources

Evidence

Sources used for this record, with archival copies where available.
1 source identity · 2 evidence relations
SourcePublisher and dateRelevanceArchive
Anatomy of a Stablecoin's failure: the Terra-Luna case
Source details
Source category
Research or security report
Provenance
Independent third-party source
Primary or secondary
Secondary source
Reliability
Medium
arXiv
Published 2022-07-28		Collapse AnalysisNo archive recorded
Medium
Publisher
arXiv
Published
2022-07-28
Provenance
Independent third-party source
Primary or secondary
Secondary source
Supported claims
Collapse Analysis
Archive
No archive recorded
Reliability
Medium
Record details
Classification, review, and event-specific data
Record ID
sog_ev_ust_2022_05_lfg_intervention
Severity
Critical
Event type
Reserve Intervention Context
Public category
Reserve change
Lifecycle effect
Collapsed or failed
Recovery or reversal
Not recovered
Recovery date
Not yet recorded
Cause or mechanism
Luna Foundation Guard reserve intervention context during the UST collapse.
Structured detail kind
Reserve Change
Record confidence
Medium
Evidence relations
1

Event-specific details

Reserve change

Summary
Luna Foundation Guard reserve intervention context during the UST collapse.

Maintenance

Corrections and further reading

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